Momentum has become the 3rd largest exchange in terms of daily trading volume just 4 months after its launch, currently leading with a TVL of $161.8 million, ahead of Cetus ($105.9 million).
On the other hand, Cetus has a daily trading volume of $180.4 million, which is higher than @MMTFinance ($72.2 million).
The distinguishing feature of Momentum is its ve(3,3) bribe market structure, which allows for the redistribution of already issued rewards to those with voting rights, instead of issuing new reward tokens as in traditional methods.
Since the token itself has not yet been issued, the bribe system and ve(3,3) are not fully activated, which may lead to lower trading volumes.
If Momentum has a high TVL but still lacks trading volume, one approach could be to enhance bribes or create trading fee events and trading events after the token is released, thereby encouraging activation and creating an environment where users want to stay.
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